Terms of the deal were not disclosed, but the bank is believed to have signed for approximately $2.5M millioin in the six-year deal at 11150 Olympic Blvd., based on prevailing asking rates of $2 to $2.45 psf per month.
Marathon formerly leased about 25,000 sf at the 11-story, 160,000-sf building owned by Douglas Emmett Realty Fund, broker Christina Bellinghausen of the Staubach Co. tells GlobeSt.com.
Bellinghausen, who represented the bank, tells GlobeSt.com that the bank's former lease, a 10-year deal, was due to expire in August.
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